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Hormel Foods Rises On Upbeat Earnings; Sears Shares Slip

Midway through trading Thursday, the Dow traded up 0.39
percent to 17,045.75 while the NASDAQ dropped 0.05 percent to
4,524.34. The S&P also rose, gaining 0.21 percent to
1,990.75.

Leading and Lagging Sectors

On Thursday, the financial sector proved to be a source of
strength for the market. Leading the sector was strength from
Federated National Holding Company (NASDAQ:
FNHC
) and Nomura Holdings (NYSE:
NMR
).

In trading on Thursday, basic materials shares were relative
laggards, down on the day by about 0.60 percent. Meanwhile, top
decliners in the sector included Seabridge Gold (NYSE:
SA
), down 5.2 percent, and Agnico Eagle Mines (NYSE:
AEM
), off 4.5 percent.

Top Headline

Dollar Tree (NASDAQ:
DLTR
) reported
weaker-than-expected
second-quarter profit. However, the company reported upbeat sales
for the quarter. The Chesapeake, Virginia-based company
posted a quarterly net profit of $121.5 million, or $0.59 per
share, versus a year-ago profit of $124.7 million, or $0.56 per
share. Excluding acquisition-related costs, its adjusted earnings
per share rose 8.9% to $0.61.

Its sales increased to $2.03 billion from $1.854 billion.
However, analysts were expecting earnings of $0.64 per share on
revenue of $2.01 billion. Dollar Tree's comparable store sales
rose 4.5% on a constant currency basis in the quarter. Equities
Trading UP

The Children's Place (NASDAQ:
PLCE
) shares shot up 5.05 percent to $53.00 after the company
reported a
narrower-than-expected
second-quarter loss.

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